TOPIC

/ company

SenseTime

Hong Kong-listed SenseTime is one of China's top artificial intelligence companies specialising in facial and image-recognition technology.

Chairman / President

Xu Li

CEO / Managing Director

Xu Li

CFO / Finance Director

Wang Zheng

Industry

Artificial Intelligence technology

Website

sensetime.com

Headquarters address

8th Floor, Building 3, No. 1 Wangjing East Road, Chaoyang District, Beijing, China

Stock Code

SEHK:0020

Year founded

2014

last updated:

30 September, 2024

SenseTime is officially pivoting to generative AI. Photo: Reuters

Artificial intelligence

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

4 Dec 2024 - 3:30PM

Fintech

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

29 Oct 2024 - 10:06AM

Artificial intelligence

SenseTime CEO says infrastructure key to beating Chinese AI rival

17 Oct 2024 - 9:00PM

Artificial intelligence

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

2 Oct 2024 - 11:38AM

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock

Artificial intelligence

Sensetime’s generative AI growth pushes revenue up 21% in first half

Revenue for the Chinese AI giant reached US$244.3 million for the first six months of 2024, but traditional AI revenue has more than halved.

28 Aug 2024 - 3:00PM

Artificial intelligence

ByteDance, Alibaba, SenseTime top China’s generative AI infrastructure services market

High demand for these infrastructure services providers reflects how mainland China has swiftly become a world leader in the adoption of generative artificial intelligence.

10 Jul 2024 - 6:00PM

Artificial intelligence

China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show

The major developers of large language models are claiming significant performance improvements and greater adoption at China’s biggest annual AI conference.

6 Jul 2024 - 7:23AMvideocam

SenseTime founder and CEO Xu Li introduces the company’s SenseNova 5.0 large model at an event on April 24, 2024. Photo: SenseTime

Artificial intelligence

Ex-IBM scientist helms Shanghai AI Lab after death of SenseTime’s Tang

Zhou Bowen, former chief scientist of IBM’s Watson Group, has been appointed director at one of China’s top AI research institutions.

5 Jul 2024 - 7:00PM

Video gaming

Tencent’s Roco Kingdom: World among 104 new video games approved in June

This month marked a rebound for China’s video gaming industry, after fewer than 100 titles each were approved in April and May.

26 Jun 2024 - 8:00AM

Hong Kong stock market

China’s Sensetime unveils US$260 million share issuance plan

AI company Sensetime saw its shares slide by as much as 6.8 per cent before rebounding to a gain of 3 per cent on the day after it unveiled a US$260 million fundraising plan via a share placement to help finance growth.

21 Jun 2024 - 5:33PM

Signage for SenseTime Group Inc. atop a building at Hong Kong Science Park in Hong Kong, China, on Wednesday, May 29, 2024. Photo: Bloomberg

Artificial intelligence

SenseTime CEO expects Hong Kong-listed firm to turn a profit in 2 years with generative AI business

29 May 2024 - 6:41PM

02:15

Artificial intelligence

Hong Kong-listed SenseTime aims for profit in 2 years on generative AI frenzy

Chinese AI pioneer SenseTime is aiming for profitability within the next two years as revenue from its generative AI business tripled last year, and is expected to become the firm’s new profit engine.

30 May 2024 - 9:52AMvideocam

Artificial intelligence

Chinese AI giant SenseTime suspends trading as shares surge more than 30%

SenseTime’s shares gained as much as 36 per cent after the company launched the latest iteration of its SenseNova large language model.

24 Apr 2024 - 6:41PM

Artificial intelligence

China’s 4 new ‘AI tigers’ emerge as investor favourites

Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.

19 Apr 2024 - 9:26AMvideocam

A video created by Open AI’s text-to-video “Sora” tool plays on a monitor in Washington, DC on February 16, 2024. Photo: TNS

Artificial intelligence

Chinese venture capitalist stays clear of mainland’s AI model investment frenzy

GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.

7 Mar 2024 - 9:30PM

There are currently more than 200 China-developed large language models, which is the technology behind ChatGPT and other generative artificial intelligence services. Image: Shutterstock

China technology

IDG Capital works to rebut US claims over China military ties

IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.

7 Feb 2024 - 10:46AM

Artificial intelligence

Chinese AI champion SenseTime introduces Go playing robot to Japan, South Korea

Chinese artificial intelligence champion SenseTime, known as a provider of AI systems for governments and companies, is now venturing into foreign consumer markets, initially Japan and South Korea.

28 Dec 2023 - 6:00PM

China’s Communist Party

China’s premier, top officials pay tribute to late AI visionary Tang Xiao’ou

Li Qiang, Vice-Premier Ding Xuexiang among Chinese leaders paying respects to the leading facial recognition expert and SenseTime co-founder, who died Friday.

20 Dec 2023 - 11:39PMvideocam

Top Chinese officials paid tributes on Tuesday to the late SenseTime co-founder Tang Xiao’ou, who died Friday from an undisclosed illness. Photo: Weibo/SenseTime

Artificial intelligence

SenseTime’s founder Tang Xiao’ou dies at age 55, AI company says

Tang’s academic career at CUHK began in 1998, and he mentored many accomplished engineers and computer scientists, who would go on to spur China’s lead in artificial intelligence.

16 Dec 2023 - 7:59PM

Artificial intelligence

Chinese AI to generate a third of global value by 2035, think tank says

A research unit affiliated with China’s industry ministry predicts generative AI in China will produce US$4.2 trillion in economic value in the next 12 years.

15 Dec 2023 - 6:00PM

Artificial intelligence

Chinese AI champion SenseTime on the defensive after short seller report

Chinese AI company SenseTime has fended off short-seller accusations of questionable business practices, resulting in a stock hit but no change to its rating by some local analysts.

29 Nov 2023 - 6:00PM

Artificial intelligence

Chinese AI champion SenseTime says former employee under police probe

The person previously worked at the company’s intellectual property unit, the Hong Kong-listed company said.

2 Oct 2023 - 7:00AM

Hong Kong economy

UAE economy minister to hold talks with Hong Kong hi-tech AI company SenseTime

Abdulla bin Touq Al Marri says one reason for trip to Belt and Road Summit in Hong Kong is to meet city tech firms that can broaden UAE’s oil-based economy.

13 Sep 2023 - 11:21PM

Alibaba

Alibaba opens Tongyi Qianwen model to public as new CEO embraces AI

The move follows similar efforts by other Chinese technology companies to open up their large AI models, following the government’s initial approval last month of commercial ChatGPT-like services.

13 Sep 2023 - 7:00PMvideocam

Artificial intelligence

Tencent launches Hunyuan foundation AI model for enterprises

The Chinese internet giant’s foundation artificial intelligence model provides a range of functions, including image creation, copywriting and text recognition, that can be applied in multiple industries.

7 Sep 2023 - 7:27PM

Artificial intelligence

China allows the public to use generative AI chatbots for the first time

Baidu, SenseTime, ZhipuAI and Baichuan have received government approvals to provide generative AI services to all users, the companies said.

31 Aug 2023 - 8:00PM

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai. China has granted its first batch of approvals for generative AI services. Photo: Reuters

ByteDance

TikTok owner ByteDance ramps up companywide test of AI chatbot ‘Grace’

Grace is currently accessible only to ByteDance corporate email account holders, who can log on and use the chatbot via its dedicated website.

9 Aug 2023 - 7:30PM

US-China tech war

US House panel scrutinises VC investments into Chinese AI and semiconductors

GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures are being probed by the House select committee for investments in firms including Megvii, SenseTime and SMIC.

20 Jul 2023 - 10:45AMvideocam

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SenseTime﻿

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

SenseTime CEO says infrastructure key to beating Chinese AI rival

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Sensetime’s generative AI growth pushes revenue up 21% in first half

Revenue for the Chinese AI giant reached US$244.3 million for the first six months of 2024, but traditional AI revenue has more than halved.

ByteDance, Alibaba, SenseTime top China’s generative AI infrastructure services market

High demand for these infrastructure services providers reflects how mainland China has swiftly become a world leader in the adoption of generative artificial intelligence.

China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show

The major developers of large language models are claiming significant performance improvements and greater adoption at China’s biggest annual AI conference.

Ex-IBM scientist helms Shanghai AI Lab after death of SenseTime’s Tang

Zhou Bowen, former chief scientist of IBM’s Watson Group, has been appointed director at one of China’s top AI research institutions.

Tencent’s Roco Kingdom: World among 104 new video games approved in June

This month marked a rebound for China’s video gaming industry, after fewer than 100 titles each were approved in April and May.

China’s Sensetime unveils US$260 million share issuance plan

AI company Sensetime saw its shares slide by as much as 6.8 per cent before rebounding to a gain of 3 per cent on the day after it unveiled a US$260 million fundraising plan via a share placement to help finance growth.

SenseTime CEO expects Hong Kong-listed firm to turn a profit in 2 years with generative AI business

Hong Kong-listed SenseTime aims for profit in 2 years on generative AI frenzy

Chinese AI pioneer SenseTime is aiming for profitability within the next two years as revenue from its generative AI business tripled last year, and is expected to become the firm’s new profit engine.

Chinese AI giant SenseTime suspends trading as shares surge more than 30%

SenseTime’s shares gained as much as 36 per cent after the company launched the latest iteration of its SenseNova large language model.

China’s 4 new ‘AI tigers’ emerge as investor favourites

Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.

Chinese venture capitalist stays clear of mainland’s AI model investment frenzy

GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.

IDG Capital works to rebut US claims over China military ties

IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.

Chinese AI champion SenseTime introduces Go playing robot to Japan, South Korea

Chinese artificial intelligence champion SenseTime, known as a provider of AI systems for governments and companies, is now venturing into foreign consumer markets, initially Japan and South Korea.

China’s premier, top officials pay tribute to late AI visionary Tang Xiao’ou

Li Qiang, Vice-Premier Ding Xuexiang among Chinese leaders paying respects to the leading facial recognition expert and SenseTime co-founder, who died Friday.

SenseTime’s founder Tang Xiao’ou dies at age 55, AI company says

Tang’s academic career at CUHK began in 1998, and he mentored many accomplished engineers and computer scientists, who would go on to spur China’s lead in artificial intelligence.

Chinese AI to generate a third of global value by 2035, think tank says

A research unit affiliated with China’s industry ministry predicts generative AI in China will produce US$4.2 trillion in economic value in the next 12 years.

Chinese AI champion SenseTime on the defensive after short seller report

Chinese AI company SenseTime has fended off short-seller accusations of questionable business practices, resulting in a stock hit but no change to its rating by some local analysts.

Chinese AI champion SenseTime says former employee under police probe

The person previously worked at the company’s intellectual property unit, the Hong Kong-listed company said.

UAE economy minister to hold talks with Hong Kong hi-tech AI company SenseTime

Abdulla bin Touq Al Marri says one reason for trip to Belt and Road Summit in Hong Kong is to meet city tech firms that can broaden UAE’s oil-based economy.

Alibaba opens Tongyi Qianwen model to public as new CEO embraces AI

The move follows similar efforts by other Chinese technology companies to open up their large AI models, following the government’s initial approval last month of commercial ChatGPT-like services.

Tencent launches Hunyuan foundation AI model for enterprises

The Chinese internet giant’s foundation artificial intelligence model provides a range of functions, including image creation, copywriting and text recognition, that can be applied in multiple industries.

China allows the public to use generative AI chatbots for the first time

Baidu, SenseTime, ZhipuAI and Baichuan have received government approvals to provide generative AI services to all users, the companies said.

TikTok owner ByteDance ramps up companywide test of AI chatbot ‘Grace’

Grace is currently accessible only to ByteDance corporate email account holders, who can log on and use the chatbot via its dedicated website.

US House panel scrutinises VC investments into Chinese AI and semiconductors

GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures are being probed by the House select committee for investments in firms including Megvii, SenseTime and SMIC.

SenseTime